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Flushing Bank Announces Temporary Relief Assistance Program for Residential Mortgage Customers
UNIONDALE, N.Y., April 03, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing
About this update from Flushing Financial Corporation
[{"type":"text","content":"UNIONDALE, N.Y., April 03, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that it has established a temporary relief assistance program for its residential mortgage customers. \n The assistance program applies to mortgage loans secured by 1-4 family owner-occupied residential dwellings. The assistance program is for first and second mortgages on properties in New York. Borrowers who qualify will be eligible for a 90-day deferral. In addition to any relief assistance provided, the Bank has agreed not to assess late charges on all residential real estate loans effective April 1, 2020 and continuing until September 30, 2020. “These are unprecedented times and we recognize that some of our customers will need assistance to manage through this crisis. We are confident that this relief program will provide the necessary assistance to enable our residential mortgage customers to get through this difficult time,” said John R. Buran President and CEO of Flushing Bank. “As a community bank, it is our job to partner with our customers and communities to provide support when it is needed most.” For additional information on how to qualify for the assistance program, customers should visit the Bank’s website at flushingbank.com/covid19relief or contact the Bank’s Loan Servicer, Dovenmuhle Mortgage Inc. at 866-397-5370. About Flushing Financial Corporation Flushing Financial Corporation (Nasdaq: FFIC) is the holding company for Flushing Bank®, a New York State—chartered commercial bank insured by the Federal Deposit Insurance Corporation. The Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, equipment finance, and cash management services through its banking offices located in Queens, Brooklyn, Manhattan, and on Long Island. As a leader in real estate lending, the Bank’s experienced lending teams create mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area. Flushing Bank is an Equal Housing Lender. The Bank also operates an online banking division consisting of iGObanking®, which offers competitively priced deposit products to consumers nationwide, and BankPurely®, an eco-fr...